https://www.taxtmi.com/caselaws?id=268112 The Tribunal set aside the Commissioner of Income Tax's order under section 263, ruling in favor of the assessee. The Tribunal found that the Commissioner failed to demonstrate that the Assessing Officer's order was erroneous and prejudicial to the interest of Revenue, as proper verification was lacking in the assessment of various expenditures and deductions claimed by the assessee. As a result, the appeal of the assessee was allowed, and the Commissioner's order was overturned. en-us Fri, 06 Nov 2015 00:00:00 +0530 Fri, 20 Nov 2015 10:22:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268112 The Tribunal set aside the Commissioner of Income Tax's order under section 263, ruling in favor of the assessee. The Tribunal found that the Commissioner failed to demonstrate that the Assessing Officer's order was erroneous and prejudicial to the interest of Revenue, as proper verification was lacking in the assessment of various expenditures and deductions claimed by the assessee. As a result, the appeal of the assessee was allowed, and the Commissioner's order was overturned. Case-Laws Income Tax Fri, 06 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268112